MIRA INFORM REPORT

Report Date :

13.12.2014

IDENTIFICATION DETAILS

Name :	ATMA CHAMP ENT. CORP.

Registered Office :	No.65, Wuchen 7th Rd., Wugu Dist., New Taipei City 248

Country :	Taiwan

Date of Incorporation :	26.08.1988

Com. Reg. No.:	22998485

Legal Form :	Joint Stock Company

Line of Business :	Manufacture and sales of screen printing machinery

No of Employees :	About 128 Employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Taiwan

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	D

TAIWAN ECONOMIC OVERVIEW

Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. Exports, led by electronics, machinery, and petrochemicals have provided the primary impetus for economic development. This heavy dependence on exports exposes the economy to fluctuations in world demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are other major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, and following the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, Taiwan in July 2013 signed a free trade deal with New Zealand—Taipei’s first-ever with a country with which it does not maintain diplomatic relations—and in November inked a trade pact with Singapore. Negotiations continue on follow-on components of ECFA regarding trade in goods and a dispute resolution mechanism; a trade in services agreement is under review in the legislature. Taiwan's Total Fertility rate of just over one child per woman is among the lowest in the world, raising the prospect of future labor shortages, falling domestic demand, and declining tax revenues. Taiwan's population is aging quickly, with the number of people over 65 accounting for 11.2% of the island's total population as of 2012. The island runs a large overall trade surplus largely because of its surplus with China, and its foreign reserves are the world's sixth largest, behind China, Japan, Saudi Arabia, Russia, and Switzerland. In 2006 China overtook the US to become Taiwan's second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Taiwan since 2009 has gradually loosened rules governing Chinese investment on the island, and has also secured greater market access for its investors in the mainland. In August 2012, Taiwan Central Bank signed a memorandum of understanding on cross-Strait currency settlement with its Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB and the New Taiwan dollar across the Strait, which could help develop Taiwan into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also poses new challenges as the island becomes more economically dependent on China while political differences remain unresolved.

Source : CIA

Contact Points

Company Name:	Atma Champ Ent. Corp.
Supplied Name:	ATMA CHAMP ENT. CORP.
Trading Address:	No.65, Wuchen 7th Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.)
Supplied Address:	No. 65, Wuquan 7th Rd, Wugu Dist New Taipei City taiwan 24890
Telephone Number:	+886-2-2299-1293
Fax Number:	+886-2-2299-1291
E-mail:	allen@atma.com.tw
Website:	www.atma.com.tw

Notes: The exact name and address are as above.

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	Atma Champ Ent. Corp.
Registered Address:	No.65, Wuchen 7th Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.)
Date of Foundation:	1988-8-26
Registration Number:	22998485
Registry:	New Taipei City Government
Registered Capital:	NTD 75,000,000 (USD 2,400,000) (As of 2014.12, 1 NTD = 0.032 USD)
Paid-up Capital:	NTD 75,000,000 (USD 2,400,000)
Legal Representatives:	Dongqin Chen
Legal Form:	Joint Stock Company
Principal Activities:	Manufacture and sales of screen printing machinery, etc.
Staff:	About 128 Employees
Listed at Stock Exchange:	No
Date of Last Annual Return:	2012-12-6

History

Subject was incorporated on 1988-8-26 with registered number 22998485 as Joint Stock Company in Taiwan.

Change of Name

Former Chinese Name:	至遠企業股份有限公司
Current Chinese Name:	東遠精技工業股份有限公司

Former English Name:	Atma Champ Enterprise Corporation
Current English Name:	Atma Champ Ent. Corp.

Corporate Structure

Factory

Address:	No.65, Wuchen 7th Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.)
Date of Foundation:	1988-5-13
Date of Registration:	1991-2-27
Factory Registration Number:	99601590
Factory Manager:	Dongqin Chen
Status:	In production
Date of Last Annual Return:	2008-2-1
Major Products:	251 Metal hand tools and moulds 259 Other metal products 275 Measurement, navigation, control equipment and timepiece 281 Power generation, transmission, distribution machine 292 Other special machinery and equipment 293 General machinery equipment

Related Company

Name	ATMA USA, INC.
Address	6712 Preston Aie, Ste G, Livermore, CA 94551
Telephone Number	+925-456-7801
Fax Number	+925-456-7803
E-mail	atma@atma.usa.com

Major Office

Address	No. 10, Jinsha River South Road, Economic and Technological Development Zone, Kunshan City, Jiangsu Province, China
Telephone Number	+512-5763-3963
Fax Number	+512-5763-3983

Shareholders

Major Shareholders

Name	Subscription Shares
Dongqin Chen	2,819,000
Meirui Wu	2,121,334
Jinxiong Wu	17,000
Pinsheng Chen	23,333

Management Information

Core Management

Directors

1
Name		Dongqin Chen
Position		Board Chairman
2
Name	Meirui Wu
Position		Director
3
Name	Jinxiong Wu
Position		Director
4
Name	Pinsheng Chen
Position		Supervisor
5
Name	Yongkun Yang
Position		Manager
Date of Appointment		2009-7-31

Personnel Structure

Total Employees

About 128 Employees

Operation Information

Offices & Factories

	Headquarters
Add	No.65, Wuchen 7th Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.)

Production Information

· Subject is engaged in manufacturing of screen printing machinery, etc.

· Subject has a factory in Taiwan for production.

· Subject obtained the certification of ISO 9001 and ISO 14001.

Purchase Information

· The registered activities of subject:

Business Code	Details
1	Manufacture and sale of a variety of screen printing materials such as printing machine material, printing machinery business.
2	Manufacturing and trading of ink, scraping and other relevant printed materials business.
3	Manufacturing and trading of a variety of industrial machinery automation, mechanical mold, and metal business.
4	All related products import and export trade business
CB01990	Other machinery manufacturing (automatic warehousing equipment)
F401010	The international trade

· The components and raw materials for production are mostly purchased at domestic market such as Taiwan, Mainland China and abroad like Southeast Asia, America, Europe, etc.

Sales Information

· Subject is engaged in sale of screen printing machinery, etc.

· The major products sold by subject include screen printers of decoration, post graphics, glass industry, PCB industry, OPTP-Electronics, biotechnical, green energy, and auxiliary accessories, etc.

· Subject has its own brand “ATMA”.

· Subject’s sales regions include Taiwan, Mainland China, Indonesia, India, Japan, Korea, Malaysia, Singapore, Thailand, Sri Lanka, Philippines, United States, Canada, Mexico, Australia, United Kingdom, and Italy, etc.

· Subject’s major customers are Ace Printing Solutions, Llc, and Rh Solutions Llc, etc.

Import and export right:

Import right	Yes
Export right	Yes

Settlements

Purchase

1. Domestic Purchase

Products	The components and raw materials, etc.
Payment Terms	T/T, Cash, etc.

2. Import

Products	The components and raw materials, etc.
Payment Terms	L/C, T/T, etc.

Sales

1. Domestic Markets

Product	Screen printing machinery, etc.
Selling Terms	T/T, Cash, etc.

2. Export

Product	Screen printing machinery, etc.
Selling Terms	L/C, T/T, etc.

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Taiwan and the only source from which we can obtain the information is the subject itself.

Subject’s relevant staff Mr. Chen declined to disclose its financials citing the grounds of company’s confidentiality; from other sources we could not obtain such information, either.

Bankers

Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.

Public Record

Mortgage

No chattel mortgage record of subject has been found within the recent 3 months.

Lawsuit

Up to date of reporting, no existing or latent litigation of the subject has been found.

Special Note

Interview Details

Name	Mr. Chen
Department	Sales Department

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 62.44
UK Pound	1	Rs. 98.15
Euro	1	Rs. 77.38

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	DPT

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.